You are the licensee to a Software license agreement; your rights can be protected by the use of a software Escrow agreement.
In most cases software licensees feel that an escrow initiated is undue overheads, they also occasionally mention that the escrow established did not serve the purpose as no contingent event occurred during the lifetime of the software licensed.
The primary factor which plays a large role in determining the smooth license agreement relationship is the existence of a software escrow. If the license agreement has been strictly adhered and no contingent event occurred, one factor influencing this could be the software escrow.
Software escrows are widely used in the west and have benefited many an organization. The practice and importance of a software escrow is realized and acknowledged the world over.
It is interesting that the total cost of the escrow, accounts for less than 5 % of the total cost the software invested in. The value of escrows have been appreciated the world over, its about time you did.
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